Public-Sector Decision Making for Public-Private Partnerships (2009) / Chapter Skim
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Chapter Four - Conclusions
Chapter Four - Conclusions
Pages 38-40
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From page 38... ...
PPPs encompass a variety of project delivery options, with varying levels of private sector participation, based on risk transferred. A PPP is not a one-size-fits-all solution, and the decision to use one of the many PPP types or traditional approaches could consider and incorporate: • Valuation of alternative approaches, • Appropriate risk transfer, • Transparency and public participation, and • Unavoidable complexity of the transactions.
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From page 39... ...
In a brownfield concession, labor issues are related to displacement of existing employees at the toll facility and the loss of pension plans; whereas in greenfield projects these issues are related more to the private sector meeting prevailing wage requirements. Past brownfield concessions have dealt with labor issues by providing opportunities to maintain jobs with the public sector (e.g., the Chicago Skyway)
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From page 40... ...
The literature review shows that recent PPP deals that transfer toll collection to the private sector has included Consumer Price Index and gross domestic product to determine the maximum annual toll rate increase, but little is known about what are the appropriate economic indicators that could be used. There is also a continuing need for professional practitioners, elected officials, and their staff to stay abreast of developments in PPPs and, in particular, efforts to separate fact from fiction.
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